The services confidence indicator in the Euro Area fell by 0.6 points from the previous month to -11.8 in October 2020, compared with market expectations of -14.0 and remaining below pre-pandemic levels. The latest reading pointed to a halt in the recovery it had embarked upon in June, as the deterioration of managers’ demand expectations since August intensified and the ongoing rebound in the appraisals of the past business situation and past demand lost steam. source: European Commission
Services Sentiment in the Euro Area averaged 9.37 from 1996 until 2020, reaching an all time high of 35.40 in June of 1998 and a record low of -43.60 in May of 2020. This page provides - Euro Area Services Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Services Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Services Sentiment in Euro Area is expected to be -12.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Sentiment in Euro Area to stand at -7.00 in 12 months time. In the long-term, the Euro Area Services Sentiment is projected to trend around -3.00 in 2021 and 2.00 in 2022, according to our econometric models.